What Evolution Mining Limited's (ASX:EVN) 26% Share Price Gain Is Not Telling You
Feb 11
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Australian (ASX) Gold Industry Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies152
- 7D1.6%
- 3M19.9%
- 1Y105.8%
- YTDn/a
Over the last 7 days, the Gold industry has risen 2.5%, driven by gains from Evolution Mining of 8.4%. This means that the industry has gained 96% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | AU$184.3b | AU$27.0b | AU$4.9b | 26.2x | 37.2x | 6.8x |
| Sat, 10 Jan 2026 | AU$165.2b | AU$26.4b | AU$4.6b | 26.4x | 36.1x | 6.3x |
| Mon, 08 Dec 2025 | AU$151.4b | AU$26.4b | AU$4.6b | 25.3x | 33.1x | 5.7x |
| Wed, 05 Nov 2025 | AU$136.6b | AU$26.4b | AU$4.6b | 23.8x | 29.8x | 5.2x |
| Fri, 03 Oct 2025 | AU$144.7b | AU$26.4b | AU$4.6b | 23.5x | 31.6x | 5.5x |
| Sun, 31 Aug 2025 | AU$113.1b | AU$26.8b | AU$4.8b | 17.6x | 23.4x | 4.2x |
| Tue, 29 Jul 2025 | AU$97.1b | AU$22.4b | AU$3.1b | 15.5x | 31.1x | 4.3x |
| Thu, 26 Jun 2025 | AU$103.0b | AU$22.3b | AU$3.1b | 18.7x | 33.2x | 4.6x |
| Sat, 24 May 2025 | AU$104.2b | AU$22.3b | AU$3.1b | 18.8x | 33.7x | 4.7x |
| Mon, 21 Apr 2025 | AU$99.0b | AU$22.2b | AU$3.0b | 19.6x | 32.6x | 4.5x |
| Wed, 19 Mar 2025 | AU$83.3b | AU$22.1b | AU$3.1b | 18.3x | 27.3x | 3.8x |
| Fri, 14 Feb 2025 | AU$78.7b | AU$20.0b | AU$2.4b | 20.4x | 32.5x | 3.9x |
| Sun, 12 Jan 2025 | AU$74.5b | AU$18.7b | AU$1.8b | 20.8x | 40.8x | 4x |
| Tue, 10 Dec 2024 | AU$74.4b | AU$18.6b | AU$1.8b | 22.1x | 41.2x | 4x |
| Thu, 07 Nov 2024 | AU$75.9b | AU$18.5b | AU$1.8b | 21.7x | 42.1x | 4.1x |
| Sat, 05 Oct 2024 | AU$68.1b | AU$18.3b | AU$1.8b | 21.4x | 37.1x | 3.7x |
| Mon, 02 Sep 2024 | AU$65.6b | AU$18.0b | AU$1.5b | 24.6x | 43.5x | 3.6x |
| Wed, 31 Jul 2024 | AU$58.6b | AU$16.1b | AU$1.1b | 22.4x | 53.8x | 3.6x |
| Fri, 28 Jun 2024 | AU$55.0b | AU$16.0b | AU$1.1b | 20x | 50.9x | 3.4x |
| Sun, 26 May 2024 | AU$58.9b | AU$17.1b | AU$1.2b | 21x | 49.6x | 3.4x |
| Tue, 23 Apr 2024 | AU$60.4b | AU$17.2b | AU$1.2b | 24x | 50.1x | 3.5x |
| Thu, 21 Mar 2024 | AU$51.6b | AU$16.9b | AU$1.2b | 18x | 41.8x | 3.1x |
| Sat, 17 Feb 2024 | AU$48.8b | AU$15.6b | AU$273.8m | 23.1x | 178.3x | 3.1x |
| Mon, 15 Jan 2024 | AU$74.4b | AU$22.9b | AU$1.3b | 23.5x | 55.3x | 3.2x |
| Wed, 13 Dec 2023 | AU$73.2b | AU$22.9b | AU$1.4b | 22.5x | 54.1x | 3.2x |
| Fri, 10 Nov 2023 | AU$70.8b | AU$22.9b | AU$1.4b | 22.2x | 52.3x | 3.1x |
| Sun, 08 Oct 2023 | AU$66.4b | AU$23.0b | AU$1.4b | 21.2x | 48.8x | 2.9x |
| Tue, 05 Sep 2023 | AU$70.4b | AU$22.8b | AU$1.5b | 19.2x | 48.1x | 3.1x |
| Thu, 03 Aug 2023 | AU$69.7b | AU$22.4b | AU$564.3m | 17.7x | 123.5x | 3.1x |
| Sat, 01 Jul 2023 | AU$68.1b | AU$22.4b | AU$565.0m | 17.9x | 120.6x | 3x |
| Mon, 29 May 2023 | AU$69.0b | AU$22.5b | AU$606.6m | 18.2x | 113.8x | 3.1x |
| Wed, 26 Apr 2023 | AU$75.3b | AU$22.4b | AU$583.7m | 18.4x | 129.1x | 3.4x |
| Fri, 24 Mar 2023 | AU$66.3b | AU$22.2b | AU$567.9m | 15.3x | 116.7x | 3x |
| Sun, 19 Feb 2023 | AU$63.1b | AU$21.7b | AU$1.2b | 18.2x | 54.3x | 2.9x |
Price to Earnings Ratio
54.3x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 39.3x which is lower than its 3-year average PE of 61.9x.
- The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 6.8x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 58% per year over the last three years.
- Revenues for these companies have grown 6.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | 0.77% | |
| Materials | -0.51% | |
| Metals and Mining | -0.88% | |
| Gold | 1.58% | |
| Steel | 1.23% | |
| Precious Metals and Minerals | 0.084% | |
| Silver | -2.00% | |
| Diversified Metals and Mining | -2.41% | |
| Aluminum | -3.02% | |
| Copper | -3.36% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EVN Evolution Mining | AU$16.28 | 8.4% +AU$2.6b | 158.8% | PE24.9x | |
| RRL Regis Resources | AU$8.46 | 3.7% +AU$227.2m | 162.7% | PE25.2x | |
| RSG Resolute Mining | AU$1.43 | 7.1% +AU$203.1m | 308.6% | PE228.4x | |
| PRU Perseus Mining | AU$5.84 | 2.6% +AU$200.4m | 113.1% | PE15.1x | |
| OBM Ora Banda Mining | AU$1.28 | 8.1% +AU$182.6m | 37.8% | PE13.2x |
